A recent report published by Infinium Global Research on dyes and pigments market provides an in-depth analysis of segments and sub-segments in the global as well as regional dyes and pigments market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional dyes and pigments market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global dyes and pigments market. According to the report, the global dyes and pigments market is projected to grow at a CAGR of 5.3% over the forecast period of 2019-2025.
Dyes is natural and synthetic compound used to pass color to the substrate. Granules, liquids, pastes, pellets and dry powder are various forms of dyes available in the market. However, pigments are an insoluble substance available in the powdered or granular form. It is broadly classified into organic and inorganic.
Dyes and pigments protect the materials from corrosion, augments the aesthetic appearance and offers UV resistance. The dyes and pigments predominantly find application in paper, adhesives, art supplies, food and beverages, ceramics, construction, cosmetics, glass, paints, plastics, printing inks, polyester textiles and plastics, cosmetics, and soap industries. The increasing application of dye and pigments in various end-use industries is driving the growth of the global dye and pigments market over the forecast period. Furthermore, the increasing inclination towards eco-friendly products is another major factor escalating market growth. Furthermore, the manufacturers are using environment-friendly sources such as minerals and plants to derive non-toxic natural dyes is likely to contribute the market growth. However, the growing concerns regarding the environment are expected to hamper the growth of the market. Going further, the textile industry is booming due to several factors such as growing population, increasing disposable income, and changing consumer trends. Which in turn, is fueling the growth of the market over the forecast period.
Among the region, Asia Pacific dominates the global dyes and pigments market throughout the forecast period. The textile industry in India, which is the major consumer of dyes have a positive impact on the growth of the Asia Pacific region. Furthermore, Indian players are focusing on high-performance pigments for value-added applications, largely catering to international markets. Europe is expected to hold a substantial share in this market owing to the presence of the largest dye and pigments manufactures in the world such as BASF and Clariant. Strict environmental regulation in Europe and other developed countries are facing competition with low-cost Asia Players has forced their European plants and to transfer capacities to countries such as India, China, and South Korea.
The report on global dyes and pigments market covers segments such as type, and applications. On the basis of type, the sub-markets include dye, and pigment. On the basis of applications, the sub-markets include textiles, printing inks, paints and coatings, plastics, and other applications.
The report provides profiles of the companies in the market such as Huntsman Corporation, Flint Group, Ferro Corporation, DuPont de Nemours, Inc., DIC Corporation, Cristal Global, Clariant, Cathay Industries, Carl Schlenk AG, Bodal Chemicals Ltd., and BASF SE.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of dyes and pigments market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.